K2 Principal Fund L.P. Buys New Shares in Vox Royalty Corp. $VOXR

Key Points

• K2 Principal Fund acquired 273,662 shares of Vox Royalty in the second quarter, a stake valued at approximately $1.29 million and representing 0.39% of the company. Institutional investors collectively own 45.95% of Vox Royalty.
• Vox Royalty shares opened at $5.12, with a market capitalization of about $355.6 million and a 52-week trading range of $3.13 to $6.70. The company declared a quarterly dividend of $0.015 per share, implying a 1.2% annual yield.
• Analyst opinions remain mixed, but Vox Royalty carries a consensus “Moderate Buy” rating and a $7.75 target price, above its current share price.

K2 Principal Fund L.P. acquired a new stake in Vox Royalty Corp. (NASDAQ:VOXR - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 273,662 shares of the company's stock, valued at approximately $1,294,000. K2 Principal Fund L.P. owned 0.39% of Vox Royalty as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC acquired a new position in shares of Vox Royalty in the 2nd quarter valued at $1,672,000. JPMorgan Chase & Co. acquired a new position in shares of Vox Royalty in the second quarter valued at approximately $71,000. XTX Topco Ltd purchased a new position in Vox Royalty during the 2nd quarter worth $56,000. Russell Investments Group Ltd. lifted its position in Vox Royalty by 49.6% in the second quarter. Russell Investments Group Ltd. now owns 413,496 shares of the company's stock valued at $1,307,000 after purchasing an additional 137,019 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Vox Royalty in the 2nd quarter valued at approximately $97,000. Institutional investors and hedge funds own 45.95% of the company's stock.

Vox Royalty Stock Down 3.8%

Shares of VOXR opened at $5.12 on Wednesday. Vox Royalty Corp. has a 52-week low of $3.13 and a 52-week high of $6.70. The firm has a market cap of $355.59 million, a price-to-earnings ratio of 7.64 and a beta of 0.53. The business's 50 day moving average is $4.75 and its two-hundred day moving average is $5.29.

Vox Royalty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.015 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.06 annualized dividend and a dividend yield of 1.2%. Vox Royalty's dividend payout ratio (DPR) is presently 8.96%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VOXR shares. BMO Capital Markets reissued an "outperform" rating on shares of Vox Royalty in a report on Friday, May 15th. Weiss Ratings downgraded shares of Vox Royalty from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 17th. Roth Capital set a $7.75 price target on Vox Royalty in a report on Tuesday. Wall Street Zen downgraded Vox Royalty from a "buy" rating to a "hold" rating in a report on Sunday. Finally, Zacks Research upgraded shares of Vox Royalty from a "strong sell" rating to a "hold" rating in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Vox Royalty currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.75.

About Vox Royalty

Vox Royalty Corp. is a mining royalty and streaming company that acquires interest in precious and base metal projects around the world. By investing in royalty and metal stream agreements, the company provides non-dilutive financing to exploration and mining operators in exchange for a percentage of production revenue or metal offtake. This model allows Vox Royalty to build a steady cash-flow profile without the operational risks and capital expenditures associated with direct mine ownership.

Since its founding in 2018 and subsequent listing on the TSX Venture Exchange, Vox Royalty has assembled a diversified portfolio of royalty and stream interests covering gold, silver, copper, zinc, nickel and other battery metals.

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